Over the past year, the Fed has reduced their target rate by 175 basis points. And it now stands at three and a half and three-quarter percent.Noteworthy, in today’s meeting, there were three dissents. Trump’s man, Stephen Miran, wanted a half a point cut. Obama’s man, Austan Goolsbee, didn’t want any rate cut. And the Kansas City Fed’s Jeffrey Schmid, also voted against the rate cut. Stock markets roared with the Dow up almost 500 points, the S&P 500 almost hit a new high, and bond yields came down, including the 10 year, which dropped by three and a half basis points.And Mr. Trump, being...

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